Olive Oil – 37 Million Metric Tons
Olive oil is made from green olives and is a big part of diets in places like Spain, Italy, and Greece. People there really like it and make a lot of it. Olive oil is also really important for their economies, affecting how they grow crops and sell things.
Origin | Extracted from the fruit of the olive tree (Olea europaea) |
Appearance | Liquid at room temperature, varying shades of green or gold |
Odor | Fruity aroma, may vary depending on the variety and quality |
Composition | Primarily composed of monounsaturated fats (oleic acid) |
Nutritional Value | Rich in monounsaturated fats, antioxidants, and vitamins |
Uses | Cooking, salad dressing, marinades, dipping, skincare |
Smoke Point | Varies depending on the quality and refinement, typically around 320-420°F (160-216°C) |
Shelf Life | Stable shelf life, can last up to 18-24 months if stored properly |
Health Benefits | May reduce the risk of heart disease, lower cholesterol levels, promote weight loss, and benefit skin health |
Concerns | High in calories, should be consumed in moderation |
Sustainability | Can be sustainable if produced using eco-friendly methods and practices, varies by region and producer |
Varieties | Extra virgin olive oil, virgin olive oil, pure olive oil, light olive oil, etc. |
List of Most Consumed Edible Oils In The World
Top 10 Consumed Edible Oils In The World: Palm oil and Soybean oil are the most consumed edible oils in the world. In 2023; the global palm oil market was valued at around 55.8 billion USD 2023. This value is expected to reach around $80.7 billion by 2032. On the other hand, the Olive Oil market was valued at around USD 14.58 billion in 2023 and it is expected to grow with a CAGR of 3.6% in the next 5 years.
As per the IndexBox, the average soybean oil price will be 0.54 per USD pound in 2024 which has decreased than last year. In 2023, the global soybean oil market size was 60.45 MMT.
In this article, we are going to discuss the Top 10 Consumed Edible Oils In The World and we will try to give an overview of all edible oils in detail.
Table of Content
- Top 10 Most Consumed Edible Oils In The World
- Coconut Oil – 2.61 Million Metric Tons
- Olive Oil – 3.37 Million Metric Tons
- Corn Oil – 3.38 Million Metric Tons
- Cottonseed Oil – 5.513 Million Metric Tons
- Peanut Oil (Groundnut Oil) – 6.512 Million Metric Tons
- Palm Kernel Oil – 8.013 Million Metric Tons
- Sunflower Seed Oil – 20.83 Million Metric Tons
- Rapeseed Oil (Canola) – 28.15 Million Metric Tons
- Soybean Oil – 75.39 Million Metric Tons
- Palm Oil – 75.98 Million Metric Tons